Sydney, Feb 24, 2026, 17:07 AEDT — Market closed
- Northern Star ended the session at A$29.76, climbing roughly 1.6% versus Monday’s close. (Investing)
- FY26 gold sold guidance holds steady at 1.60–1.70 million ounces, according to a new investor presentation. (Nsrltd)
- Bullion pulled back from its three-week peak, profit-taking the driver—moves like this tend to ripple through gold stocks. (Reuters)
Northern Star Resources ended Tuesday at A$29.76, gaining roughly 1.6% from the previous day’s A$29.30 finish. That’s based on market data. (Investing)
Why does this matter? Gold’s been swinging around this week, and right now, Australian miners are offering investors a fast-track bet on bullion, minus the futures hassle. On Tuesday, spot gold slipped off a three-week peak, with traders cashing in gains after the sharp jump the session before. (Reuters)
Northern Star rolled out a new investor presentation for the BMO Global Metals, Mining & Critical Minerals Conference, dated Feb. 23. The company stuck with its FY26 gold sold guidance, calling for 1.60–1.70 million ounces. (Nsrltd)
The presentation painted a picture of a business generating solid earnings, but with big outlays ongoing. Underlying EBITDA for the first half came in at A$1.876 billion, while underlying free cash flow was deep in the red at negative A$320 million. (Nsrltd)
Northern Star reported net cash of A$293 million at Dec. 31, factoring in its notes, and announced an interim dividend of 25 Australian cents per share. (Nsrltd)
The dividend is “fully franked,” so shareholders receive Australian tax credits, according to the company’s half-year report. The record date lands on March 5, with payment set for March 26. (Nsrltd)
Gold’s action remained choppy. “We had a meaningful rally (in gold) yesterday… we have a little bit of a digestion here,” said Ilya Spivak, head of global macro at Tastylive, in comments to Reuters. Spivak noted Asian markets looked more subdued compared to the previous session’s Wall Street tumble. (Reuters)
Northern Star tucked in its usual resources and reserves statement in the latest investor pack, flagging shifts from regular mining depletion as well as the impact of folding De Grey and the Hemi project into its portfolio. (Nsrltd)
Earnings momentum is the main story here. Earlier this month, Reuters said Northern Star notched up a 49% jump in first-half profit as the miner benefited from stronger gold prices. (TradingView)
Even so, the risk is clear enough. A deeper pullback in bullion would squeeze margins fast. Persistent high spending could mean cash flow trails earnings, cutting into what’s left for dividends or buybacks.
Next up, gold prices will stay in focus as traders track Northern Star’s dividend moves, zeroing in on March 5—the key record date this round. (Nsrltd)
